Enterprise-wide risk management best practices: The critical success factors
This paper examines the critical success factors of effective Enterprise-Wide Risk Management (EWRM) practices that have an effect on shareholder value. Financial and non-financial companies of Public Listed Companies (PLCs) of service sector had been chosen as a population to determine the crucia...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Ontario International Development Agency
2012
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| Subjects: | |
| Online Access: | https://repo.uum.edu.my/id/eprint/15902/1/SSRN-id2054977.pdf |
| _version_ | 1803627053314998272 |
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| author | Ab. Wahab, Norlida Othman, Siti Norezam Kasim, Isahak |
| author_facet | Ab. Wahab, Norlida Othman, Siti Norezam Kasim, Isahak |
| author_sort | Ab. Wahab, Norlida |
| collection | UUM |
| description | This paper examines the critical success factors of effective Enterprise-Wide Risk Management (EWRM) practices that have an effect on shareholder value. Financial and non-financial companies of Public Listed Companies (PLCs) of
service sector had been chosen as a population to
determine the crucial factors that should be
considered for a success implementation of EWRM.
A triangulation approach was adopted to get an
enriched data collection and analysis for the study.From a survey on 14 financial companies and 41 non financial companies and 4 companies of a case study, it is found that organisational culture is a most critical factor which contributes more to a success implementation of EWRM and has an effect on shareholder value. Significantly, the function and the effectiveness of other critical success factors were
depended on strong organisational culture. The other EWRM critical success factors identified were risk management base, compliance, resource, cross functional staff, knowledge management, and
authority or power. |
| first_indexed | 2024-07-04T05:59:57Z |
| format | Article |
| id | uum-15902 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:59:57Z |
| publishDate | 2012 |
| publisher | Ontario International Development Agency |
| record_format | dspace |
| spelling | uum-159022018-04-19T06:32:38Z https://repo.uum.edu.my/id/eprint/15902/ Enterprise-wide risk management best practices: The critical success factors Ab. Wahab, Norlida Othman, Siti Norezam Kasim, Isahak HD28 Management. Industrial Management This paper examines the critical success factors of effective Enterprise-Wide Risk Management (EWRM) practices that have an effect on shareholder value. Financial and non-financial companies of Public Listed Companies (PLCs) of service sector had been chosen as a population to determine the crucial factors that should be considered for a success implementation of EWRM. A triangulation approach was adopted to get an enriched data collection and analysis for the study.From a survey on 14 financial companies and 41 non financial companies and 4 companies of a case study, it is found that organisational culture is a most critical factor which contributes more to a success implementation of EWRM and has an effect on shareholder value. Significantly, the function and the effectiveness of other critical success factors were depended on strong organisational culture. The other EWRM critical success factors identified were risk management base, compliance, resource, cross functional staff, knowledge management, and authority or power. Ontario International Development Agency 2012 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/15902/1/SSRN-id2054977.pdf Ab. Wahab, Norlida and Othman, Siti Norezam and Kasim, Isahak (2012) Enterprise-wide risk management best practices: The critical success factors. OIDA International Journal of Sustainable Development, 4 (3). pp. 87-96. ISSN 1923-6654 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2054977 |
| spellingShingle | HD28 Management. Industrial Management Ab. Wahab, Norlida Othman, Siti Norezam Kasim, Isahak Enterprise-wide risk management best practices: The critical success factors |
| title | Enterprise-wide risk management best practices: The critical success factors |
| title_full | Enterprise-wide risk management best practices: The critical success factors |
| title_fullStr | Enterprise-wide risk management best practices: The critical success factors |
| title_full_unstemmed | Enterprise-wide risk management best practices: The critical success factors |
| title_short | Enterprise-wide risk management best practices: The critical success factors |
| title_sort | enterprise wide risk management best practices the critical success factors |
| topic | HD28 Management. Industrial Management |
| url | https://repo.uum.edu.my/id/eprint/15902/1/SSRN-id2054977.pdf |
| work_keys_str_mv | AT abwahabnorlida enterprisewideriskmanagementbestpracticesthecriticalsuccessfactors AT othmansitinorezam enterprisewideriskmanagementbestpracticesthecriticalsuccessfactors AT kasimisahak enterprisewideriskmanagementbestpracticesthecriticalsuccessfactors |